China's steel enterprises pay more for iron ore
- By Yang Xi
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China.org.cn, August 1, 2011
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Chinese firms spent US$16.017 billion more on iron imports in the first six months of 2011 than they did a year before. |
| China's steel enterprises pay more for iron ore |
上半年铁矿石涨四成 中国钢铁业多付160亿美元 |
| China steel makers have taken a hit this year as rising international iron ore prices have them shelling out more for the prized metal. | 由于国际市场上铁矿石的价格大涨，为此，中国钢铁企业要为进口铁矿石支付更多。 |
| Chinese firms spent US$16.017 billion more on iron imports in the first six months of 2011 than they did a year before, Economic Information reported on Monday. | 据《经济参考报》报道，由于铁矿石价格大幅上涨，上半年我国钢铁行业进口铁矿石多支出160.17亿美元。 |
| The average price of imported ore reached a record high of US$160.89 per ton in the first half of this year, up 42.41 percent from a year before. | 上半年进口铁矿石平均到岸价格为每吨160 .89美元，创历史最高水平，比去年同期涨幅42.41%。 |
| Meanwhile, China maintained its spot as the world's biggest consumer of the rocks, importing 334.25 million tons, 25.18 million tons more than last year, according to Chinese customs statistics. | 同时，据海关统计，中国上半年进口铁矿石33425万吨，同比增加2518万吨。 |
| The average profit margin of Chinese steel enterprises was only 3.14 percent, much lower than the average industrial firm in China and even below the interest rate on bank deposits, statistics released by the China Iron & Steel Association show. | 从中钢协最新数据来看，上半年纳入到钢协统计的会员企业销售利润率仅仅为3.14%。但是这一数据远低于“全国工业企业6.2%的利润率”这一平均水平，甚至不及一年期3.25%的银行利率。 |
| "Chinese steel companies are facing more difficulties doing business due to price hikes of iron ore. Companies are reporting tiny profits," said Zhu Jimin, head of China Iron & Steel Association and chairman of Shougang Group. | “由于进口铁矿石价格大幅上涨，致使企业生产经营更加困难，钢铁企业仍处于低效益状态。”中国钢铁工业协会会长、首钢集团董事长朱继民称。 |
China's business press carried the story above on Monday.
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